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Nu Skin Enterprises Inc. Message Board

  • moneyinvestor36 moneyinvestor36 Jan 18, 2013 9:16 AM Flag

    Citron alleges Nu Skin violates laws is a pyramid schemes due to its pyramid-like compensation scale.

    Shares of anti-aging and nutritional products distributor Nu Skin Enterprises (NYSE: NUS ) aren't looking so hot, down as much as 13%, after noted short-seller Citron Research alleged the company is running an illegal multilevel marketing scheme out of China.

    So what: After being crushed just three months ago after speculation was swirling that well-known short-seller David Einhorn might expose multilevel marketing scams at Herbalife (NYSE: HLF ) (it should be noted that as of now no wrongdoing has come to light on Herbalife's part), of which Nu Skin is a direct competitor, Nu Skin was hit by a second scare today with a fresh report from Citron Research. Citron alleges Nu Skin violates laws pertaining to direct selling, as well as the prohibition of pyramid schemes due to its pyramid-like compensation scale.

    Sentiment: Strong Sell

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NUS
52.48+0.48(+0.92%)12:17 PMEDT